$40 Billion Yen Intervention by Japan Sparks Market Jitters
The Japanese government spent a record 6.28 trillion yen ($40 billion) on April 30 to intervene in the foreign exchange market and stem the yen's slide.
This was the largest single-day intervention by Japan, and it was followed by two other market operations within a week, according to the Finance Ministry.
The move aimed to stabilize the currency and prevent further depreciation.